Title:
Title
Sacramento Tourism Infrastructure District No. 2018-04: Protest Hearing Results, Establishment of District, and Authorization of Issuance or Incurrence of Long-term Obligations Payable from Assessments Levied within the District
End
FileID
File ID: 2018-00294
Location
Location: Citywide and a portion of the unincorporated areas of the County of Sacramento
Recommendation:
Recommendation
1) Receive a report on the tabulation of written protests submitted and not withdrawn before the public hearing for the Sacramento Tourism Infrastructure District No. 2018-04 ("District") closed on October 23, 2018; 2) based on the results of the tabulation, pass a Resolution declaring the results of the majority protest proceeding for the District, establishing the District, confirming and levying an assessment, and ordering programs, services and improvements to be performed in the District; and 3) pass a Resolution authorizing the issuance or incurrence of long-term obligations payable from assessments levied within the District in amount not exceeding $80,000,000 and authorizing filing of judicial validation action.
Contact: Sini Makasini, Administrative Analyst, (916) 808-7967; Sheri Smith, Special Districts Manager, (916) 808-7204, Department of Finance
Body
Presenter: None.
Attachments:
1-Description Analysis
2-Background
3-Schedule of Proceedings
4-Resolution declaring hearing results, establishing the district, and confirming and levying
assessment
5-Exhibit A, Map
6-Exhibit B, Budget Table
7-Exhibit C, MDP
8-Resolution authorizing issuance or incurrence of obligations
Description/Analysis
Issue Detail: Owners of lodging businesses within the boundaries of the Sacramento Tourism Infrastructure District No. 2018-04 (STID) have petitioned the City to form the STID to assess lodging businesses to provide funding for capital improvements, specifically the construction of a ballroom as part of the Sacramento Conve...
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